You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
GOOG Short to 300
- Thread starter arealpissedgoy
- Start date
Quote from arealpissedgoy:
I plan to purchase a few CALLs on the stock next week.
The overall US market will have a small bounce up in the coming week.
The impetus for the bounce being successful coordinated management of the european banking crisis.
<a href="http://imageshack.us"><img src="http://img262.imageshack.us/img262/3115/googlongks5.png" border="0" ></a><br/>
The profit objective is to liquidate at or around 400 ( depends on the price behavior )
Eventually I believe GOOG will see 250. I will be short selling ( if available ) at 400 for a cover at or around 250.
The trade was mostly a wash. GOOG never hit the 400 the trade was waiting for. The position was liquidated on the move back down.
We see on 10-14 the stock hit a high 394.50 and has not tested that level since.
<a href="http://imageshack.us"><img src="http://img522.imageshack.us/img522/1775/googreactionfrom400re3.png" border="0" alt="Image Hosted by ImageShack.us"/></a>
Quote from arealpissedgoy:
Eventually I believe GOOG will see 250. I will be short selling ( if available ) at 400 for a cover at or around 250.
I do not have a short position on this stock. At this time the price analysis is purely academic.
<a href="http://imageshack.us"><img src="http://img522.imageshack.us/img522/7429/googbreakdownad5.png" border="0" alt="Image Hosted by ImageShack.us"/></a>
We see the stock has buyers at 300.
The intra day price activity indicates this level will hold when tested again. We can expect a quick acceleration to the 250 target once 300 is broken.
Although the overall market is itching to breakdown ( and it will eventually break down to test 2002 lows) , I do not think this stock will go to IPO price.
There are many reasons and at 250 it will be priced below fair value.
As for GS. It would be preferable for the good of the overall economy that it be put out of business. Within the next few years, I expect GS to eventually be a shadow of its current form.
There are many reasons and at 250 it will be priced below fair value.
As for GS. It would be preferable for the good of the overall economy that it be put out of business. Within the next few years, I expect GS to eventually be a shadow of its current form.
GOOG 250.
Probably marks the bottom.
<a href="http://imageshack.us"><img src="http://img526.imageshack.us/img526/2713/goog250fe8.png" </a><br/>
Probably marks the bottom.
<a href="http://imageshack.us"><img src="http://img526.imageshack.us/img526/2713/goog250fe8.png" </a><br/>
Quote from arealpissedgoy:
Although the overall market is itching to breakdown ( and it will eventually break down to test 2002 lows) , I do not think this stock will go to IPO price.
US equities short term bottom.
<a href="http://imageshack.us"><img src="http://img374.imageshack.us/img374/5444/2002lowspd7.png" </a><br/>
small relief rally next week.